IMF Chief Georgieva urges policymakers to address inflation and debt, promote economic transformation, and carefully calibrate interest rate cuts.

IMF Chief Kristalina Georgieva urges policymakers to tackle inflation and debt decisively while promoting economic transformation. Global growth is below historical averages, and the IMF Managing Director notes a growing divergence within and across country groups. With inflation easing faster than expected, Georgieva advises central bankers to carefully calibrate interest rate cuts based on incoming data. Headline inflation for advanced economies is expected to be 2.3% in Q4 2023, down from 9.5% in mid-2022, and is predicted to continue declining in 2024, creating conditions for central banks in major advanced economies to begin cutting rates in the second half of the year.

April 11, 2024
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